Atea continues to gain market share and reports improved cash flow
(Thomson Reuters ONE) -
Atea ASA /
Atea continues to gain market share and reports improved cash flow
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Atea, the number one supplier of IT infrastructure products and services in the
Nordic and Baltic region, continued to gain market share in the first quarter of
2013 and reports an improved cash flow.
In the first quarter of 2013, Atea reported revenue of NOK 5,085 million,
corresponding to a growth of 5.7% in constant currency compared with the first
quarter of 2012. Software revenue increased as much as 26.7% in constant
currency, services revenue increased by 7.4% and hardware was down by 1.2%.
Atea's strong growth in the first quarter of 2013 of 5.7% should be compared
with IDC's forecasted market growth of 1.8% for the full year 2013 in the
Nordics. This indicates that Atea continues to gain market share.
EBITDA in the first quarter of 2013 ended at NOK 141 million and the cash flow
from operations was NOK -224 million, up almost NOK 200 million from the first
quarter of 2012.
The financial turmoil in Europe continued to impact the Nordic IT infrastructure
market in the first quarter of 2013. The market has remained weak, and
margins have been under pressure. This is particularly the case in the hardware
segment where the demand for servers and PCs has declined. "I am pleased to see
that despite the tough market conditions in Q1 we have continued gaining market
share," says Claus Hougesen, CEO of Atea.
In the first quarter of 2013, Atea announced the acquisitions of Itale AS in
Norway and Exait AB in Sweden. Itale is a mobile solutions company selling both
products and services in the rapidly growing market for smartphones and tablets.
Exait is recognized for its strong service organization, covering the
northernmost region of Sweden, and the acquisition will strengthen Atea's market
position and scale up the service organization within this region considerably.
The interim report and presentation are available at www.atea.com/reports
The press conference is available via webcast at www.atea.com/webcast
The Stock Exchange Announcement is available at www.atea.com/ose
For further information, please contact:
Claus Hougesen, CEO Atea ASA, mobile + 45 3078 1200
Rune Falstad, CFO Atea ASA, mobile + 47 906 14 482
About Atea
Atea is the leading Nordic and Baltic supplier of IT infrastructure with
approximately 6,500 employees. Atea is present in 82 cities in Norway, Sweden,
Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers IT products from
leading vendors and assists its customers with specialist competencies within IT
infrastructure services. Atea had revenue of approximately NOK 21 billion in
2012 and is listed on Oslo Stock Exchange. www.atea.com
Atea Q1 2013 Interim Report:
http://hugin.info/85/R/1697681/559515.pdf
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(i) the releases contained herein are protected by copyright and
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Atea ASA via Thomson Reuters ONE
[HUG#1697681]
Unternehmensinformation / Kurzprofil:
Datum: 30.04.2013 - 08:07 Uhr
Sprache: Deutsch
News-ID 254225
Anzahl Zeichen: 3766
contact information:
Town:
Oslo
Kategorie:
Business News
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